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(Telematics Wire) GM Cruise raises $1.15B to reach valuation of $19B

GM Cruise raises $1.15B to reach valuation of $19B
Posted: 08 May 2019 04:23 AM PDT
As it prepares to launch commercial Robo taxis this year, American driverless car company, GM Cruise, has announced that it has raised another $1.15 billion in new equity from a group of investors.



Marvell to acquire Aquantia
Posted: 08 May 2019 03:19 AM PDT
As the automotive industry increasingly adopts Ethernet in-vehicle networks for mainstream models, the number of related ports is expected to grow dramatically.



Waymo joins forces with Lyft to serve more riders in Phoenix
Posted: 08 May 2019 02:19 AM PDT
Waymo has joined forces with Lyft to get more riders in Metro Phoenix to experience self-driving technology. Waymo has announced that it will deploy 10 of its vehicles on Lyft over the next few months. John Krafcik, CEO of Waymo, made this announcement through a blog post on Medium.



Schaeffler acquires XTRONIC GmbH
Posted: 08 May 2019 12:48 AM PDT
Schaeffler Technologies is set to acquire XTRONIC GmbH, a technology partner that develops customer-specific software and electronics solutions for the international automotive industry. The company provides services and solutions in a range of areas, including automated driving applications, electric mobility, functional safety, as well as methods, tools and test systems.



HERE makes available its location platform services for Microsoft Azure developers
Posted: 07 May 2019 11:58 PM PDT
HERE Technologies recently announced the availability of seven of its core Location Platform Services via Microsoft Azure serverless Functions for developers to build enterprise-grade, location-aware applications, and solutions in a timely and cost-efficient way.